The U.S. economy added 528,000 jobs in July, defying expectations that cooling consumer spending and rising risks of a recession would slow job growth WSJWhatsNow
Amid a record hiring streak in the U.S., economists are watching for signs of a possible wave turn. WSJ’s Anna Hirtenstein looks at how rising interest rates, high inflation, market selloffs and recession risks challenge the growth of America’s workforce. Photo: Olivier Douliery/AFPin July, recouping the number of payrolls lost in the wake of the pandemic.
The unemployment rate also dropped to 3.5%, a half-century low also seen just before the pandemic in early 2020, the Labor Department said Friday. The acceleration follows a first half of the year during which payrolls grew faster than during any other post-World War II period when the economy began contracting.
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Jobs shocker: U.S. adds 528,000 jobs in July and unemployment falls to pre-pandemic levelsThe U.S. added a surprisingly strong 528,000 new jobs in July and the unemployment rate fell to pre-pandemic levels in a muscle-flexing display for the economy, but the robust report could add to inflation worries and push interest rates even higher.
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Employers Add 528,000 to Payroll in July in Sign of Job Market StrengthJUST IN: Defying anxiety about a possible recession and raging inflation, America’s employers added a stunning 528,000 jobs last month, restoring all the jobs lost in the coronavirus recession. Unemployment fell to 3.5%, lowest since the pandemic started.
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U.S. employers added 528,000 jobs; unemployment falls to 3.5%America’s hiring boom continued last month as employers added a surprising 528,000 jobs despite raging inflation and rising anxiety about a recession
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US Employers Add 528,000 Jobs, Defy Recession FearsDefying anxiety about a possible recession and raging inflation, America’s employers added a surprising 528,000 jobs last month, restoring all the jobs lost in the coronavirus recession as the country’s hiring boom continued.
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US employers add 528,000 jobs; unemployment falls to 3.5%Defying anxiety about a possible recession and raging inflation, America’s employers added a surprising 528,000 jobs last month, restoring all the jobs lost in the coronavirus recession as the country’s hiring boom continued.
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US employers add 528,000 jobs as labor market defies raging inflationAmerica’s hiring boom continued last month as employers added a surprising 528,000 jobs despite raging inflation and rising anxiety about a recession.
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